Broker Notes: Why analysts name Adore Beauty and Brickworks to buy now?
$Adore Beauty Group Ltd (ABY.AU)$: Morgan Stanley sticks with an overweight recommendation on the stock.
Morgan Stanley sticks with an overweight recommendation on Adore Beauty, although it believes things could get bumpy in the near term. The bank says investors should be cautious about the stock heading into August results season, predicting sales growth could turn negative in 1H of FY 2023.
$Brickworks Ltd (BKW.AU)$: Ord Minnett maintains a buy recommendation and lifts target price 5.8% to A$27.50.
Brickworks' trading update looks generally positive to Ord Minnett, even though company guidance for its Australian building products unit fell short of expectations.
$Macquarie Group Ltd (MQG.AU)$: Citi stays neutral on the stock.
Macquarie's upcoming quarterly update may see it report an A$1 billion net profit, say Citi analysts in a research note. "While we see little risk around upcoming quarters, we do however see greater uncertainty emerging regarding quarters thereafter," they say.
Morgan Stanley sticks with an overweight recommendation on Adore Beauty, although it believes things could get bumpy in the near term. The bank says investors should be cautious about the stock heading into August results season, predicting sales growth could turn negative in 1H of FY 2023.
$Brickworks Ltd (BKW.AU)$: Ord Minnett maintains a buy recommendation and lifts target price 5.8% to A$27.50.
Brickworks' trading update looks generally positive to Ord Minnett, even though company guidance for its Australian building products unit fell short of expectations.
$Macquarie Group Ltd (MQG.AU)$: Citi stays neutral on the stock.
Macquarie's upcoming quarterly update may see it report an A$1 billion net profit, say Citi analysts in a research note. "While we see little risk around upcoming quarters, we do however see greater uncertainty emerging regarding quarters thereafter," they say.
Buy: Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
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